Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for August 14 - August 20, 2023.

Weekly Crypto Digest for August 14 - August 20, 2023.

Monday, August 21, 2023

Bitcoin falls below $26K, Coca-Cola launches NFT, Bitcoin ETF launched in Europe, and more news in the latest issue of the Weekly Crypto Digest by Yellow Capital.

Bitcoin falls below $26,000

During the week, the quotes of the first cryptocurrency fell below $26,000. Experts attributed this to Elon Musk's SpaceX bitcoin sale, the crisis of the Chinese developer Evergrande, and the sale of a major market participant.
All digital assets from the top 10 by capitalization ended the week in the red zone. Dogecoin (-16.1%) and XRP (-14.5%) lost the most.
The total capitalization of the cryptocurrency market is $1.1 trillion. The Bitcoin dominance index is 49%.

Coca-Cola launches NFT collection on Base network

The Coca-Cola Corporation has released a series of non-fungible tokens called “Masterpiece” on Coinbase’s Base layer Ethereum network.
The NFT collection is based on the firm's recent ad campaign, which was partially created using artificial intelligence.
Coca-Cola tokens combine the work of emerging artists and world art, including Edvard Munch's The Scream and Johannes Vermeer's Girl with a Pearl Earring.
Eight different NFTs are now available, ranging in price from 0.0011 ETH to 0.014 ETH, which are created through the platform. Approximately 50,000 assets have been released at the time of writing.

First spot Bitcoin ETF launched in Europe

British company Jacobi Asset Management has launched Europe's first exchange-traded fund based on Bitcoin. The instrument was listed on Euronext Amsterdam under the ticker BCOIN.
The Guernsey Financial Services Commission regulates the product. The Jacobi FT Wilshire Bitcoin ETF is billed as “the first digital asset fund to comply with Article 8 of the SFDR through a decarbonization strategy.”

Drive organic growth for your tokens with Yellow Capital's Crypto Market Making services.

Our team of experts specializes in creating a sustainable and profitable crypto market for your tokens through our proven strategies including crypto market makingalgorithmic trading, liquidity provision, token growth, and crypto exchange listing.

Yellow's algorithmic trading infrastructure can connect to over 100 exchanges, and our constantly evolving architecture is compatible with all major Blockchain protocols.

Schedule a Call now with Yellow Capital

Satoshi Era Bitcoin Wallet Moved 1005 BTC

On August 14, an unknown user moved 1005 BTC mined in 2010.
At the time of crediting to the original wallet, 13 years ago, the coins were worth $328. They are now valued at over $28.5 million.
Since these bitcoins were mined a year after the appearance of the first cryptocurrency, the community suggested that the address is associated with its anonymous creator Satoshi Nakamoto.

Chinese man sentenced to 9 months for buying 13,000 USDT

A Chinese citizen identified by authorities as "Mr. Chen" has been sentenced to nine months in prison for buying USDT worth 94,988 Chinese yuan (just over $13,000). Local media report this.
According to the prosecutor’s office, in February 2022, an acquaintance named Lin contacted Chen with a request to purchase stablecoins for him by transferring fiat to him for these purposes.
For his services, the defendant received 147.1 yuan ($20.26) in commission.
Chen will spend nine months in prison, suspended for a year. He must also pay a fine of 5,000 yuan ($689).

Binance shut down the Binance Connect platform

Cryptocurrency exchange Binance has closed its fiat-to-digital asset exchange platform Binance Connect (Bifinity). As a reason, Biswap pointed to the termination of support for payment cards by partners.
The service was launched in March 2022. It has connected companies, merchants, and consumers to the world of cryptocurrencies and blockchain technologies. The platform supported over 50 digital assets and popular payment methods and systems like Visa and Mastercard.

customer1 png

Hi, I am Alexis Yellow

Chairman of Yellow Capital

Are you ready for a wild career transition? I went from launching rockets into outer space at the European Space Center to helping Token Issuers launch their Crypto Projects!

Yellow Capital provides advisory services, strategic investments, and prime crypto market making.

Join me on this journey as I share my experiences and expertise in the crypto world, and maybe we'll even launch a few successful projects together!

1 png


Private Rounds

- Early stage pre-listing
- Investment and Incubation

Market Making

Token Issuers

- We are Prime Market Makers for the projects we invest into.

Increase Your Cash Flow

Listed Tokens

- We buy up to $5,000,000

Exclusive For the Projects We Invest In

Get Free Market Making

Our investment strategy involves providing deep liquidity crypto market making to the projects we invest in. This approach allows us to ensure continuous and substantial liquidity in exchanges. By doing so, we aim to increase market efficiency and reduce price volatility. We help to stabilize prices and reduce the bid-ask spread, which can lower transaction costs for traders. This usually attracts more traders to the markets, by making it easier and less risky to trade your token which can help to increase the overall liquidity and trading volumes both for the benefit of traders and issuers. However, we recognize that providing liquidity also comes with potential risks, which we carefully evaluate and manage as part of our investment decision-making process.